Court of Appeals for the Fifth Circuit October 9, 1959, 17602_1 (Sunshine Grain Company v. United States Fidelity and Guaranty Company)

WISDOM, Circuit Judge.

In the early part of 1957 a group óf business men from Pontotoc, Mississippi, and from Red Bay, Alabama, organized the Sunshine Grain Company, to build and operate a grain elevator near Tupelo, Mississippi. W. F. Boone, one of the organizers, was elected to the Board of Directors and made Secretary of the Company. Boone operated a general insurance agency in Pontotoc.